google bot detected Copayment | Insurance Glossary |


Definition of "Copayment"

Carol Camilli-Montgomery
  Keller Williams Realty

Partial payment of medical service expenses required in group health insurance, in addition to the membership fee. For example, for each visit of a physician a member may be required to pay $5, regardless of the expense of the services rendered. Or, for each prescription for drugs and medicines, the member may have to pay a flat $2 regardless of the actual cost.

Related Real Estate Glossary terms

Related Real Estate FAQ